In her own words:

Farm: Swedish Hill Winery Location: Romulus, N. Y. Owners: Richard and Cindy Peterson and their son, David Produce: 140,000 gallons of wine sold through five retail locations

Richard and Cindy Peterson and their son, David, own Swedish Hill Winery in Romulus, N.Y. Here Cindy talks about her winery's use of Agrifax record-keeping solution:

“Our use of financial services has evolved right alongside our winery changes. We opened our winery in 1986, a time when grape markets were unstable and sold 3,000 gallons of wine that first year. Today we produce and market 140,000 gallons through five retail locations.

“Early in our business, we found that year-end reports and December tax planning were all we needed for decision making. As we grew, we wanted better information throughout the year, and couldn’t wait until the end of the year to make important
decisions.

“We looked to Farm Credit’s Amy Nemitz to prepare quarterly
reports for us. Amy reconciles accounts from our five enterprises and prepares a total business income and expense report for us. Our reports are complete with highlights, trends and areas that we need to address. “We value the experience Amy draws from working with other businesses and her knowledge of tax regulations. An accurate and up-to-date financial picture is important to us. With Amy’s help, we have a handle on that picture!”



“In-house bookkeepers focus on day-to-day activities, such as paying bills, invoicing or processing payroll. Often, they don’t have the time or resources to step back and assess overall business progress.

“To make sound decisions, managers and owners need to monitor and understand business performance throughout the year, not just at year-end. Accurate comparisons to prior years and industry benchmarks are key to identifying trends.

“The Petersons rely on Farm Credit to compile quarterly assessments. More importantly, they consistently use management information to make decisions that move their
business forward.”

Contact us at info@farmcreditwny.com for more information on how we can help you simplify your financial accounting.

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